XRP ETF Clients Add $11.87 Million, Lifting Net Assets to $1.08 Billion

The update states that investors bought $11.87 million of XRP-related ETF exposure, bringing total net assets held by the ETF to $1.08 billion.

XRP

Summary

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Terms & Concepts
  • ETF: An exchange-traded fund, a market-listed investment vehicle that lets investors gain exposure to an asset without directly holding it.
  • Net assets: The total value of assets held by a fund after accounting for liabilities, commonly used to measure fund size.
  • XRP: A cryptocurrency associated with the XRP Ledger, a blockchain network designed for payments and settlement.